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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Aug 01, 1986
Page
2
Physicians for Social Responsibility designed bright umbrellas to dramatize their view that the Strategic Defense Initiative is ineffective and should be stopped. The demonstration uses portable props to convey scientific and policy concerns.
Norman says Dam will soften water salty taste and protect needs of about half a million people. City manager Mack Wofford of Big Spring welcomes the ruling as essential for regional water supply while preserving the snake habitat. A Wildlife Service specialist notes endangered listing hinges on biology, not economics, with possible mitigation to permit continued construction.
JA Dunkle said the wildlife service will urge the water district to hire a reptile expert to aid the snake's survival. Ivie of CRMWD said the district will hire a snake expert to mitigate damage to the snake and its habitat and to boost population, estimated at 300 to 800. The agency plans to override a prior conference report to deny the permit and pursue alternative water sources, while considering listing the Concho River snake as threatened and designating the dam site as critical habitat. The Corps draft environmental impact statement notes dam building could eliminate the reptile.
State official Hobby warns that $1.2 billion in agency and public school cuts would slash Ector County ISD and Midland ISD tax revenues by about 24 and 26 percent, respectively, while UTPB and Odessa College face millions in losses. He backs a $650 million agency cut plan and $2.2 billion in extra sales taxes, urging lawmakers not to balance the budget on schools and highways.
In a marathon session Senate votes to repeal the oil windfall profits tax and grant Social Security COLA increases as part of a measure to raise the national debt limit. An amendment to aid drought-stricken farmers breaks down amid filibuster threats.
Senate action on repealing a tax levied on oil profits hinges on prices above 1979 levels and has drawn Reagan and Gramm support. Dole warned that more than a dozen amendments and possible detours could follow as the long session continues after a 69 to 30 rejection of an earlier move.
Currency of debate centers on a windfall tax claim and fiscal policy as U S Senators Gramm and Bentsen clash over abolishing the Gramm Rudman budget scheme. A fiscal 1987 budget waiver funds drought relief for Southeast farmers amid broader deficit concerns.
OPEC ministers meeting since Monday prepare for a full session as the quota committee grows from three to five members. Kuwait and Ecuador join the panel led by Lukman Nabi and Subroto, while UAE’s Oteiba declines to join on government orders. Lukman says voluntary cuts hinge on progress toward binding quotas, with 11 nations pledging 1.925 million barrels per day.
Relief said the bill to repeal the tax will probably pass if it reaches the House floor. The Treasury Department wants rid of the tax due to processing costs and no revenue, while oilmen incur heavy paperwork. Analysts warn impacts may lag as oil must hit 22 dollars a barrel before trigger. OPEC cuts may stabilise prices if kept, but recovery could be slow. Independent and major oil firms face layoffs and minimal drilling outlooks, with a future need to plug wells amid rising competition. The Senate rejected a 10 dollar import fee, while drilling groups shifted to supporting import fees, though prospects remain weak while Reagan is president.
The National Weather Service at Midland reports a cooling trend to the upper 90s for Permian Basin highs on Saturday after several days of triple digit heat. Lows tonight in the 70s to 80s with southerly winds 5 to 10 mph. Isolated storms may bring relief late today and tonight, possibly severe in the Panhandle, while most of the state remains hot and dry with heat indices 105 to 110.
An Odessa American fragment shows a financial snippet with figures 4272.00, 7.50, 145 and 5.00 interpreted as prices or amounts, though context is unclear. The snippet lacks full details or identities to confirm entities or exact meaning.
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